E & G Industrial & Logistics Properties Stuttgart Region
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Demand<br />
In the reporting period, the greatest<br />
demand for industrial and logistics<br />
property came from the automotive<br />
sector (OEMs & suppliers) with a<br />
51.3% share (ca. 123,500 sqm). A major<br />
part of this figure can be accounted<br />
to the large-scale letting of newly<br />
built logistics space in Tamm with ca.<br />
38,000 square metres. <strong>Logistics</strong> service<br />
providers and freight forwarders<br />
ranked second with 19.9%, followed<br />
by the local industrial and manufacturing<br />
sector with 12% of the overall<br />
space take-up.<br />
Despite the high level of construction<br />
activity in the <strong>Stuttgart</strong> <strong>Region</strong>,<br />
the demand from industries, logistics<br />
and commerce has still not been met<br />
by a sufficient supply of large-scale,<br />
multi-functional hall space. One<br />
reason for this lies with the long development<br />
periods for logistics space.<br />
Re-developments on brownfield sites<br />
entering the market in 2017 had<br />
already been initiated several years<br />
before. In some cases, first talks between<br />
owners and developers took<br />
place five to seven years before construction.<br />
Often, environmental remediation<br />
and analyses, as well as changes<br />
in statutory requirements and<br />
reluctant approval processes have<br />
slowed down development dynamics.<br />
This means that projects on brownfield<br />
sites require some staying power<br />
on the developer´s side. Furthermore,<br />
the gap between demand and supply<br />
of suitable industrial and logistics<br />
space is most likely to continue in the<br />
coming years.<br />
At the same time, the letting rate of<br />
existing space went down by 31.5%<br />
from ca. 173,700 square metres in<br />
2016 to only 118,900 square metres<br />
in 2017. Also this figure shows the<br />
on-going trend for limited supply of<br />
industrial and logistics space in the<br />
Tenants by rental area 2017<br />
Others Trade<br />
Services<br />
Commerce<br />
<strong>Industrial</strong><br />
Automotive/OEM<br />
Total<br />
240,600 m²<br />
<strong>Logistics</strong><br />
Tenants after conclusion of rental agreement 2017<br />
Trade<br />
Commerce<br />
<strong>Industrial</strong><br />
Others<br />
<strong>Logistics</strong><br />
Automotive/OEM<br />
Services<br />
The <strong>Stuttgart</strong> <strong>Region</strong>:*<br />
A 8 direction<br />
Karlsruhe<br />
A 81 direction<br />
Singen<br />
Weil der<br />
Stadt<br />
Herrenberg<br />
Vaihingen a. d. Enz<br />
Leonberg<br />
Sindelfingen<br />
Schwieberdingen<br />
Ditzingen<br />
Böblingen<br />
Bietigheim-<br />
Bissingen<br />
<strong>Stuttgart</strong><br />
A 81 direction<br />
Heilbronn<br />
County of Ludwigsburg<br />
Weilimdorf<br />
County of Böblingen<br />
Kornwestheim<br />
Leinfelden-<br />
Echterdingen<br />
Ludwigsburg<br />
Filderstadt<br />
Waiblingen<br />
Ostfildern<br />
Neckartenzlingen<br />
Esslingen<br />
Backnang<br />
County of Rems-Murr<br />
Winnenden<br />
Wendlingen<br />
County of Esslingen<br />
Nürtingen<br />
Schorndorf<br />
Murrhardt<br />
Kirchheim u. Teck<br />
Göppingen<br />
County of Göppingen<br />
Geislingen a. d. Steige<br />
Source: Research E & G Real Estate GmbH ©, Januar 2018<br />
<strong>Stuttgart</strong><br />
Berlin<br />
A 8 direction<br />
München<br />
industrial and logistics cluster *<br />
* logistics space < 50,000 sqm<br />
industrial space < 100.000 sqm<br />
10 I I 11
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